Wednesday, 9 November 2011

Nigel Farage - Where is Europe’s Gold?...kingworldnews.com

Nigel Farage - Where is Europe’s Gold?http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/8_Nigel_Farage_-_Where_is_Europes_Gold.html
With world markets still in turmoil and gold and silver reasserting themselves once again, today King World News interviewed former LBMA commodities broker and trader and current MEP Nigel Farage to get his take on the situation. When asked if there is a chance Europe is headed into a depression, Farage responded, “Well I think there is and of course it was banking collapses back in 1931 that really led to things being bad. Now we’ve lumbered ourselves with a European social market model for our labor forces, which leaves us hopelessly uncompetitive with the Far East. Countries like Italy, I mean their industrial production, their foreign and direct investment has collapsed in the last five years. You ask yourself, ‘If the banks go bust, what on earth is going to be left in some of these countries?’”

Nigel Farage continues:...........
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/8_Nigel_Farage_-_Where_is_Europes_Gold.html


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